Niagara Falls - 220 - Oldfield
Niagara Falls - 220 - Oldfield
Sold For$192,500
Listed For $212,500
Sold Nov 2016
Unique investment opportunity to purchase 99' frontage (200' depth) on McLeod Rd (corridor for Niagara's south-end development hot spot), situated between the QEW and Stanley Ave, the site offers proximity to the Falls, casino, Thundering Waters Golf Course, schools, shopping, parks & trails, etc. R5B zoning permits for construction of up to 12 dwelling units (3 storey apartment building). Two houses (must be sold together), with recent upgrades totaling $65K (new: windows, roof, siding, furnaces, flooring, some drywall and insulation) provide rental income until which time the developer decides to proceed with construction. 6390 McLeod rents for $1075/monthly, 6402 McLeod rents for $725/monthly, tenants pay ALL utilities, NOI approx 15K. Buyers to confirm all figures to their satisfact
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